The FTSE 100’s winning streak came to an end on Wednesday due to caution on the global markets and a stronger pound, while Ocado’s stock market fortunes took a turn for the worse after a warehouse fire. The FTSE 100’s winning streak came to an end on Wednesday due to caution on the global markets and a stronger pound, while Ocado’s stock market fortunes took a turn for the worse after a warehouse fire. Flat day for FTSE 100 as stronger pound and Ocado fire weigh on indexThe blue-chip index was flat, closing 4.28 points lower at 7,173.09. “Traders had been optimistic that Trump would provide further details on developments in US–Sino trade relations, instead little sign of progress saw investors adopt a more cautious approach to trading on Wednesday.”A stronger pound added to the pressure on London’s top stocks. David Madden, market analyst at CMC Markets UK, said: “It has been a quiet day for sterling in terms of economic announcements.

Source: Irish Independent February 06, 2019 17:15 UTC